Bahraini retail and commercial banking institution, BMI Bank announced its sponsorship of the Banks in Bahrain reception at the 2011 International Monetary Fund/World Bank Conference to be held in Washington D.C. on the 24th of September 2011.
The event, hosted by the Bahrain Association of Banks (BAB) will be attended by the Bank’s Chief Executive Officer (CEO) Jamal Al-Hazeem along with a Bahraini delegation of prominent executives from both the government and private sectors. The delegation will be led by Shaikh Ahmed bin Mohammed Al-Khalifa, the Minister of Finance, Rasheed Al Maraj, the Governor of the Central Bank of Bahrain and Abdulkarim Bucheery, CEO of BBK and Chairman of BAB.
“Bahrain has been strengthening its reputation as the financial hub of the Middle East over the past few years,” Jamal Al-Hazeem, CEO of BMI Bank said.
“Its financial services sector is the most transparent and best regulated within the GCC as evidenced by the large number of financial services firms present within the country, the contribution of the sector to the economy and more importantly it’s resilience in the wake of the recent global financial crisis. The BAB represents the interests of the banking sector with the regulator and other third-parties and is also tasked with promoting Bahrain to other regional banking centers looking to do business here,” he added.
“Being a responsible local bank, we actively support initiatives and events that further enhances both our position as a strong Bahraini retail and commercial banking institution as well as that of the country and are proud to renew our support of the Banks in Bahrain reception in Washington for the second consecutive year.”
BMI Bank currently operates in Bahrain through a network of 8 branches and 27 ATMs with net banking for easy access to services. BMI Bank also operates an Offshore Bank in the Seychelles, a branch in Qatar and has a 21.33% shareholding in Gulf African Bank in Kenya. BMI Bank owns the Diners Club Services Bahrain W.L.L and operates the Diners Club cards franchise in Bahrain. BMI Bank’s shareholders include some of the strongest and most respected financial institutions across the GCC, including BankMuscat in Oman.